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Gold rush: Higher prices fail to dent demand during festive period; industry body bullish about wedding season
Demand for physical gold gathered steam during a key festival week, shrugging off a recent downtrend going into the traditional busy wedding season, while other major Asian hubs saw limited activity. India, the second biggest bullion consumer after China, celebrated the Dhanteras and Diwali festivals this week, when buying gold is considered auspicious. Demand will remain robust even in coming weeks as the festive season will be followed by a wedding season.
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